The government’s motion for the Dewan Rakyat to debate the Auditor General’s Report 2021 Series 2 became a point of contention between both side of the aisle on Tuesday (June 6) as the opposition said it goes against past convention and may undermine the authority of Parliament’s Public Accounts Committee (PAC).

MPs argue over motion to debate on AG’s Report 2021 in Dewan Rakyat

Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday (June 6).

Malaysia's end-May stockpiles seen higher as output jumps to highest this year

A total of 16 work packages in Phase 1 of the Pan Borneo Highway project are being implemented and currently, the progress status is at 75%, the Dewan Rakyat was told.

Pan Borneo Highway: Sixteen work packages in Phase 1 being implemented, 75% complete, Dewan Rakyat told

Post-results season, analysts continue to see the banking sector in a positive light, in view of counters’ depressed share prices giving rise to attractive dividend yields.

Analysts maintain positive calls on banking sector in view of attractive valuations

KUALA LUMPUR (June 6): Emerging geopolitical fault lines may induce sovereigns, central banks and companies in Asia Pacific (Apac) to diversify the currencies in which they raise funds, invest their reserves or invoice merchandise trade, according to Moody’s Investors Service.

Moody’s: Apac’s geopolitical fault lines may accelerate currency diversification from US dollar

Khazanah Nasional Bhd recently led a Series B fundraising round of a Malaysian home-grown insurance technology (insurtech) company, PolicyStreet, raising a total of US$15.3 million (RM67 million) under the group's Dana Impak mandate.

Khazanah invests in PolicyStreet to enhance protection for Malaysia's underserved market

Icon Offshore Bhd has appointed Datuk Abdul Mutalib Alias as the oil and gas service provider’s non-independent non-executive chairman, effective Tuesday (June 6) after Raja Tan Sri Arshad Raja Tun Uda retired from the post on the same day.

Ex-Bintulu Port chairman Abdul Mutalib appointed Icon Offshore chairman

KUALA LUMPUR (June 6): Construction of affordable houses or People's Housing Projects (PPR) will be made compulsory in the development of housing projects in Kuala Lumpur, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Compulsory for housing projects in KL to have affordable homes, PPR houses

The move to cut government subsidies only affects the rich or top 20% income group (T20), and that too is at a minimal rate, said Prime Minister Datuk Seri Anwar Ibrahim.

Cut in govt subsidies only affects T20, says PM

Malaysia External Trade Development Corporation (Matrade) helped to drive exports to Japan through high-level engagements with Japanese companies through the first trade and investment mission to Japan.

Matrade helps drive exports to Japan through high-level engagements

Yinson Holdings Bhd's offshore production unit Yinson Production (YP), via its joint-venture company PTSC South East Asia (PTSC SEA), has received a five-year extension for the bareboat charter contract for FSO PTSC Bien Dong 01.

The extended period of the contract is from June 4, 2023 to June 3, 2028, it said in a filing with Bursa Malaysia on Tuesday (June 6).

Yinson's indirect JV gets five-year extension for FSO charter contract

KUALA LUMPUR (June 6): Despite having set climate ambitions, not enough action has been taken by the governments across Southeast Asia (SEA) to meet nationally determined contribution targets by 2030, according to Southeast Asia’s Green Economy 2023 Report: Cracking the Code, by Bain & Company, Temasek, GenZero and Amazon Web Services (AWS).

Southeast Asia needs to expedite action to meet 2030 climate ambitions — green economy report

theedgemalaysia.com highlighted four stocks with negative momentum and two stocks with positive momentum at Bursa Malaysia’s afternoon break on Tuesday (June 6).

REDtone, Excel Force, MAG Holdings, Kumpulan Jetson, KNM Group, PNE PCB

Public Investment Bank Bhd (PublicInvest Research) has issued an “outperform” call on MGB Bhd with a target price of RM1.03, supported by higher progress billing projected for its construction business this year and the next.

Malaysia

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